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    61 Main St Bourne, MA 02532-3224
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    Property profile & analytics

    61 Main St Bourne, MA 02532-3224

    View on Map
    • Retail space
    • 10,614 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Jan 22, 2021
    $415,000
    Property ID
    US38-1308921
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Buzzards Bay Antiques / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Crowley and Crowley Studios / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 61 Main St

    Year built
    1860
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Property size
    10,614 SF
    Property type
    Retail space
    APN
    BOUR M:23.2 P:66
    APU
    BOURM232P66

    Description

    This exceptional commercial property, located at 61 Main Street in Bourne, Massachusetts, presents a unique investment opportunity. Situated on a 0.37-acre lot in the heart of Buzzards Bay, this building boasts over 10,000 square feet of space, with over 7,000 square feet dedicated to commercial use. Currently leased as an antique store, the property enjoys a highly desirable central location directly across from the train station, a bus stop, and a park, providing unparalleled accessibility and visibility. The property also offers stunning waterviews, enhancing its appeal and desirability. The Downtown Core zoning designation unlocks a wide array of development possibilities, making this property exceptionally versatile and attractive to a diverse range of potential buyers. Its strategic location near the Cape Cod Canal further amplifies its commercial potential. The substantial square footage, coupled with its prime location and flexible zoning, makes this a rare find in the Buzzards Bay market. This property is priced at $680,000 and offers significant upside potential for savvy investors seeking a high-impact commercial investment in a thriving community. The existing lease provides immediate income potential, while the zoning allows for future expansion or redevelopment to suit a variety of commercial ventures. Don't miss this chance to acquire a truly exceptional commercial property in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bourne
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.6152
    Latitude
    41.7455
    CBSA code
    12700
    CBSA name
    BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,579
    $237,700
    $208,600
    $446,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2,412 SF

      8 Waterhouse Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,412 SF
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      73 Cranberry Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,845 SF
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      1,740 SF

      12 Wallace Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,740 SF
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      6,536 SF

      10 Saint Margarets St

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    • Value Estimation by Request
      1,500 SF

      3 Brg Approach St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      3 Brg Approach St, Bourne, MA 02532-5643
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,597 SF

      Retail Space on Heavily Traveled Route

      Retail space available for lease on a high-visibility road.
      160 General Macarthur Blvd, Buzzards Bay, MA 02532
      View Details
    • $14 SF/Yr

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      Retail units available for lease on high-visibility highway.
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    • $14 SF/Yr

      Retail Space on Heavily Traveled Route

      Retail units available for lease on high-visibility highway.
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      Retail Space For Lease

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    Bourne, MA 02532-3224
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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